N+1 Singer: SDCL Energy Efficiency Income Trust (SEIT) – Further Investment in Primary Energy

Industrial/ 04 January 2021

Investment: “Acquisition of an additional 15% interest in Primary Energy, a portfolio of recycled energy and cogeneration projects located in Indiana, USA for an equity cash consideration of approximately $36 million. SEEIT acquired an initial 50% interest in Primary Energy in February 2020. Following this acquisition, SEEIT’s interest in Primary Energy is now 65%. “

Primary Energy: “The 298MW [Primary Energy] portfolio consists of five operating projects which generate low-cost, efficient energy with substantial environmental benefits via three recycled energy projects, one natural gas combined heat and power project and a 50% interest in an industrial process efficiency project.”